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Docusign Envelope ID: BOF983D6-EAD9-4D5D-A13A-EE8461FA1918 <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner HPA Borrower 2019 2 Appellant(if different) Judson Bracewell/ <br /> LLC Ryan LLC (Presented <br /> by Mason Schuster <br /> Property Address 214 Towne Ridge Lane Parcel ID or Abstract 9870122533 <br /> Statement of Appeal: Request reduction in value based on the Income Approach to valuation. <br /> Current Assessed Value $602,100 ounty Opinion $602,100 <br /> Time of Hearin 2:22 PM Appellant Opinion $528,200 <br /> County Representative Kelly Wells Board Decision $602,100 <br /> Evidence submitted by the appellant: <br /> • Income: <br /> o Monthly Rent: $3,475 <br /> o Annual Rent: $41,700 <br /> o GRM: 152 <br /> o Indicated Value: $528,200 <br /> Evidence submitted by the county representative: <br /> • The subject property is a 3,224 square foot townhome with 4 bedrooms and 2& 1/2 baths built <br /> in 2004 on a .09-acre lot in the Glen Ridge subdivision in Chapel Hill. <br /> • Since the unit is a single unit townhome,the most appropriate valuation method is the sales <br /> comparison analysis. Based on sales and equity of similar units that have sold recently in the <br /> area, the County recommends no change in value. <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $602,100 No change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> 9 <br />